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Dividend Stocks Offer Safe Haven in Volatile Market

Thursday, 12 Apr 2007 | 3:03 PM ET

Are there safe havens in a volatile market? Two investment strategists say yes. Jeff Krumpelman, Sr. Portfolio Manager at Fifth Third Asset Management, and George Foley, First Vice President and Portfolio Manager at Glenmede Large Cap Value Fund, offered “Power Lunch” viewers their sector and stock picks.

Krumpelman told CNBC’s Sue Herera that he would avoid homebuilders and firms with direct involvement in subprime lending. Instead, he recommends “high-quality” growth stocks, especially those with dividend payouts--a show of confidence in the company’s strength. He likes Altria, Charles Schwab and Microchip Technology.

Beating Unpredictable Markets
Tips on how to find a safe bet in a volatile market, with George Foley, Glenmede Large Cap Value Fund portfolio manager; Jeff Krumpelman, Fifth Third Asset Mgmt. portfolio manager; and CNBC's Sue Herera

Foley agreed about the significance of dividend payouts. He sees a "note of caution" in oil's potential to dent consumer discretionary spending, but still recommends consumer staples, and foresees a lot of capex spending in telecom and commodities. Foley seconds Krumpelman on Altria, adding AT&T and Lockheed Martin as other good prospects.

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

Power Pitch

Kenny Polcari